February 2016

When we adopt a pet, it instantly becomes part of the family. We spend hours playing with them, snuggling with them, feeding them, and caring for them. Though many pets live long, happy, and healthy lives, they are not immune to injuries and illness. If you have ever been to the vet, however, you know how expensive the procedures can be. If your beloved animal needs and expensive medical intervention, don’t resort to drastic measures, simply call Health Finance Solutions for a veterinary loan.

Americans Love Their Pets

Did you know that over 35% of Americans own dogs and another 30% own cats? This statistic may not be surprising, based on how cute and cuddly these animals are. But our love for pets doesn’t end there, many more of us own horses, birds, lizards, snakes, turtles, fish, rabbits, hamsters, guinea pigs, livestock, and beyond. Overall, almost 80 million Americans owned a pet in 2015 alone. About 42% of these pet owners even have more than one animal.

As owners, however, we know that pets can be costly. Food, toys, tick and flea medicine, other supplies, and routine vet visits can add up. This may leave little to no room in your budget for additional veterinary bills for your fury friend. While some families do opt for pet health insurance coverage, those plans end up costing owners more than they need, both in the short and long term. Additionally, just like health insurance for humans, pet insurance has many gaps in coverage. These gaps render your payment of pet health insurance premiums useless in the event that any number of excluded procedures becomes necessary.

So, while most pets do live long, happy, and healthy lives with their families, accidents and emergencies do happen. The cost of the necessary procedures after such an emergency can leave a family wondering about their options. If you, like so many others, can’t stand the thought of letting your pet suffer simply because you don’t have the cash on hand, consider healthcare financing.

Healthcare Financing and Pets

At Healthcare Finance Solutions, the approved loan is not exclusive to the applicant. This means that the applicant who receives the loan can use the funding for medical expenses for friends and family members, including their beloved pets. To those who qualify, we offer low interest rate loans to help you and your family afford the necessary procedure for your pet. This solution has helped so many families avoid the loss of their cats, dogs, birds, and more.

For more information on how we can help you and your furry friends afford healthcare costs, please contact us today. Don’t allow the veterinary expenses to let you make drastic decisions for your pet that you may later regret!

For decades, unexpected medical costs and other expenses not covered by health insurance have plagued Americans. Luckily, healthcare financing was a viable option for many who sought help paying for expensive medical bills.

A Brief History of Health Insurance

To fully understand the evolution of medical financing, it is necessary to know where the concept of health insurance originated. The idea began in the form of accident insurance in the 1850’s. These primitive insurance companies covered injuries that arose as a result of railroad or boat accidents. This industry, however, soon dissolved.

In 1911, America saw its first employer-sponsored disability policy, though the goal was to pay wages during an injury, not to cover medical expenses. As such, until the mid 1900’s, families simply relied on a fee-for-service model: paying doctors directly for each individual service. In the 1930’s, however, there were some options to pre-pay for medical expenses at certain hospitals. During that time, President Roosevelt explored the idea of a national health insurance program, but ultimately vetoed the idea.

During WWII, when wage control was in full swing, employers began to offer fringe benefits, such as medical insurance, to attract workers. Again, during this time, President Truman explored the idea of national healthcare, but the idea was again vetoed. As the fee-for-service model went on, more and more labor unions lobbied employers for healthcare coverage, and by the end of the 1950’s, many Americans had at least some form of healthcare coverage.

Many unemployed or self-employed individuals, as well as those whose employers didn’t offer health insurance, still did not have adequate coverage. For these individuals, the fee-for-service model was in effect until quite recently.

The Development of Healthcare Financing

During its inception, healthcare coverage had left some significant gaps in services for those who were enrolled. Often, dental care, certain medical facilities, and many procedures were not covered. Additionally, at the time, health insurance was not mandatory, leaving millions of Americans without coverage. Additionally, until recently, coverage could be denied for those with pre-existing conditions. Those who become ill during coverage or who reached monthly maximums could even be kicked off of their plans.

For those individuals who did not have adequate coverage (and for those who did not have any coverage at all), financing institutions began offering medical expense loans. Whether the patient needed coverage for a dental implant, cosmetic surgery, or even a lifesaving procedure, many turned to healthcare financing institutions for help. Until recently, the field of healthcare financing was large, until some big firms stopped offering this necessary funding during the recession.

If you or a loved one are in need of a medical loan or healthcare financing, Healthcare Finance Solutions is here for you. We can work with you and your provider to offer you a low interest loan that meets your individual needs.

The Affordable Care Act and the ongoing healthcare reform in the United States have changed the nature of insurance coverage. Despite these efforts to ameliorate health insurance, many Americans are still left with hefty uninsured medical expenses. To help these families afford their necessary healthcare costs, many turn to healthcare financing options.

The Affordable Care Act

In March of 2010, President Obama implemented the Affordable Care Act (ACA). The goal of this healthcare insurance overhaul was to provide Americans with affordable, high-quality healthcare. Before this time, there were at least 44 million uninsured citizens in the United States. Many had remained uninsured because of the exorbitant cost of private health insurance coverage.

Though it was a popular incentive package for some big companies, many employers still did not offer healthcare coverage. Additionally, before the Act, insurance companies could deny coverage and drop patients who no longer qualified for their plans. With the ACA, this concept changed and insurance companies are now obligated to accept patients with pre-existing conditions.

Today, those without employer-sponsored health insurance coverage have to sign up for a plan through the newly implemented Health Insurance Marketplace. Even many Americans who had employer-sponsored coverage signed up for new health insurance if their coverage was not adequate or did not extend to their families.

Gaps in Coverage

Despite these changes, many Americans are still experiencing major uninsured medical expenses due to gaps in coverage. Many procedures, such as cosmetic surgery, hair replacement therapy, vision correction, fertility services, and dental care are not covered.

Additionally, many individuals and families chose plans with low monthly premiums, but high deductibles, in the hopes that they would require little to no doctors’ visits in the upcoming year. Unfortunately, unexpected medical expenses are a real possibility; accidents and emergencies happen whether you plan for them or not. For individuals who chose catastrophic coverage plans with high deductibles, this meant that their options for payment of their medical bills were limited.

For many, ruining their credit with bankruptcy was just not an option. Similarly, letting the bill go to collections would only end up costing them more in legal expenses. Additionally, during the rescission, friends and family simply could not help with medical expenses. To avoid these costly and embarrassing routes, many wisely chose to enlist the help of a healthcare financing institution.

How Healthcare Financing Can Help You Today

Because of the gaps in coverage and potentially high deductibles, American families are often left with large medical expenses. At Healthcare Finance Solutions, we have continued to offer low interest rate medical expense loans to those who qualify, even through the hard economic times. We know that health insurance doesn’t always cover what you need it to, and if you have been hit with a major medical expense, we are ready to get you a loan that meets your needs.

There are a number of reasons why people elect to undergo cosmetic procedures. In some cases, accidents or illnesses may leave you with scars or disfigurement of some kind. Or perhaps you simply want to correct a perceived flaw or improve your appearance in some way in order to gain confidence and feel beautiful both inside and out.

Cosmetic procedures can range from something as simple as mole removal or Botox to much more complex procedures like lifts, liposuction, or rhinoplasty, just for example.

One thing is certain, though, cosmetic procedures can be pricy. Whether you want cosmetic surgery for aesthetic purposes or you need it to improve your daily function, coming up with the money to pay for such procedures could pose a problem. How can you go about financing your intended procedure?

Contact Your Health Insurance Provider

Let’s just start by saying that it’s extremely unlikely your health insurance provider will pay for cosmetic procedures, especially if they are deemed “elective”, which means they’re not medically necessary. Of course, there are cases in which procedures that are considered cosmetic are necessary from a medical standpoint.

If, for example, you are a woman with dense breast tissue that causes you pain and increases your risk for breast cancer, your insurance may be willing to pay for at least a portion of mastectomy and breast implant procedures should your doctor deem it medically necessary.

However, you shouldn’t expect this to work for every procedure. You need to speak with your doctor and your health insurance provider before assuming that a cosmetic procedure will be covered.

Save Your Pennies

If your insurance refuses to cover claims for cosmetic procedures, you’ll likely find yourself paying out-of-pocket, and this could entail major expense, depending on the procedure you’re having done.

Whereas a simple Botox procedure could cost several hundred dollars, lipo or rhinoplasty could set you back several thousand, depending on your area, your doctor, and the particulars of the procedure. This puts many elective procedures out of the average person’s price range.

Seek Financing

Don’t fret if your insurance won’t cover your procedure and you don’t have the cash on hand to follow through. There is another option. There are businesses that specialize in providing low-fee financing for cosmetic procedures.

In most cases, the process is as simple as filling out an online application for a loan, going through a credit check, and receiving speedy approval. If you’re ready to take a step that could improve your quality of life or help you to gain personal confidence, consider financing your cosmetic procedure.

At Healthcare Finance Solutions, we continue to offer patients and providers with low, affordable rates for medical expense loans. Additionally, we do not charge providers high practice fees for services, we offer the same low rates to everyone we work with. Our goal is to help individuals afford their medical bills and to help providers offer financing solutions to their patients.

How Our Services Work For Patients and Providers

Many providers understand that their patients may not be able to afford their high deductibles in the event of an unexpected medical event or emergency. Additionally, healthcare providers whose procedures are typically not covered by health insurance enjoy the opportunity to offer their patients financing solutions. As such, at Healthcare Finance Solutions, we work with you and your provider to get you or your loved ones a low interest rate loan.

When we work with providers, we do not require any formal continued obligation for services. Your organization can enjoy our services with no monthly minimum usage fees. As such, there is no risk to your healthcare organization. Furthermore, if a patient defaults, there is no recourse or obligation for the provider. Conversely, if a patient would like to pay off their loan early, there are no prepayment fees or costs.

Patients and providers also enjoy our quick approval turnaround. The swift and efficient application process ensures that your medical bills can be paid as soon as possible. No matter the type of loan, there is only one application to fill out, making the system as proficient as possible. Additionally, we happily accept applications with e-signatures, eliminating the need for mailing physical documents.

You will get your loan approval quickly and easily, right online, no matter where you are in the country. Loan interest rates will typically depend on the patient’s credit. Furthermore, patients and providers can rest assured, knowing that their information will be kept safe and private through our online portals.

Why Choose Healthcare Finance Solutions

At Healthcare Finance Solutions, we are committed to providing our customers with quick and easy access to healthcare loans. We work hard to get you the best rates from top rated lending institutions, nationwide. Our services work great for anyone from individuals to families, and our loans are not exclusive to the applicant. This means that you can use your loan on medical bills for yourself, family members (including pets), and other loved ones.

Our main goal is to help you get financing so you can live without the burden of unexpected medical expenses. When you take the initiative to contact us, you are one step closer to living without the worry of collections calls and bankruptcy proceedings. To see how else Healthcare Finance Solutions can help you afford your medical expenses, contact us today.